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Thursday, May 21, 2009

Mutual funds turn net equity buyers

Purchase shares worth Rs 240.10 crore on Wednesday, 20 May 2009

Mutual funds (MFs) turned net equity buyers on Wednesday, 20 May 2009 as they bought shares worth Rs 240.10 crore after pressing heavy sales a day earlier. They had offloaded equities worth Rs 1720.10 crore on Tuesday, 19 May 2009

MFs' net inflow of Rs 240.10 crore on 20 May 2009 was a result of gross purchases Rs 1635.40 crore and gross sales of Rs 1395.30 crore. The BSE 30-share Sensex was down 324.12 points or 2.31% to 13,736.54 on that day

MFs are net sellers of shares worth Rs 378.80 crore in May 2009 (till 20 May 2009).

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